AML / KYC

AML / KYC

Indonesian Money Changers Said to Distribute $300mn in Drug Proceeds

By Samuel Riding | 01/02/2017

Investigator says four dealers operating without a license, two in breach of central bank regulations.

AML / KYC

Pakistan, World Bank Ink Technical Cooperation Agreement

By Samuel Riding | 30/01/2017

Cooperation to focus on risk-based supervision and cybersecurity.

AML / KYC

Bangladesh Central Bank to Install New SWIFT System

By Samuel Riding | 30/01/2017

New cybersecurity system aims to avoid ‘unwanted incidents’ in overseas payments.

AML / KYC

PBOC Orders Banks to up Scrutiny of Overseas Business

By Samuel Riding | 30/01/2017

Banks should review acquisition targets’ future profitability, strengthen AML/CTF supervision.

AML / KYC

China Completes Digital Bank Acceptance Bills Trial

By Samuel Riding | 27/01/2017

ICBC and BOC involved in trial which could preface introduction of blockchain-backed legal tender.

AML / KYC

RBI Said to Lift Cash Withdrawal Limits by End-Feb

By Samuel Riding | 27/01/2017

Report suggests 78-88% of currency supply will be back in the system within 2 months.

AML / KYC

HK Regulator Details AML/CTF Failures

By Samuel Riding | 27/01/2017

SFC identified 200 instances of non-compliance during 2016 inspections.

AML / KYC

Corrupt Lao Officials ‘Voluntarily’ Returning Money

By Samuel Riding | 26/01/2017

Government campaign aims to curb ‘rampant corruption’ including bribes, kickbacks, forgery and fraud.

AML / KYC

India to Tighten P-Note Regulation

By Samuel Riding | 24/01/2017

SEBI chairman cites concerns about tax evasion, stock price manipulation.